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ISBN. 978-1-62825-664-2. The Project Management Body of Knowledge (PMBOK) is a set of standard terminology and guidelines (a body of knowledge) for project management. The body of knowledge evolves over time and is presented in A Guide to the Project Management Body of Knowledge (PMBOK Guide), a book whose seventh edition was released in 2021.
Time is different from all other resources and cost categories. Using actual cost of previous, similar projects as the basis for estimating the cost of current project. According to the Project Management Body of Knowledge (PMBOK) the Project Time Management processes include: Plan Schedule Management; Define Activities; Sequence Activities
The precedence diagram method (PDM) is a tool for scheduling activities in a project plan. It is a method of constructing a project schedule network diagram that uses boxes, referred to as nodes, to represent activities and connects them with arrows that show the dependencies. It is also called the activity-on-node (AON) method. Key elements ...
The critical path method (CPM), or critical path analysis (CPA), is an algorithm for scheduling a set of project activities. [1] A critical path is determined by identifying the longest stretch of dependent activities and measuring the time [2] required to complete them from start to finish. It is commonly used in conjunction with the program ...
A work-breakdown structure (WBS) [2] in project management and systems engineering is a deliverable -oriented breakdown of a project into smaller components. A work breakdown structure is a key project management element that organizes the team's work into manageable sections. The Project Management Body of Knowledge defines the work-breakdown ...
A Gantt chart is a type of bar chart [4][5] that illustrates a project schedule. [6] This chart lists the tasks to be performed on the vertical axis, and time intervals on the horizontal axis. [4][7] The width of the horizontal bars in the graph shows the duration of each activity. [7][8] Gantt charts illustrate the start and finish dates of ...
A burndown chart or burn down chart is a graphical representation of work left to do versus time. [1] The outstanding work (or backlog) is often on the vertical axis, with time along the horizontal. A burn down chart is a run chart of remaining work. It is useful for predicting when all of the work will be completed.
Project plan. A project plan, according to the Project Management Body of Knowledge (PMBOK), is: "...a formal, approved document used to guide both project execution and project control. The primary uses of the project plan are to document planning assumptions and decisions, facilitate communication among project stakeholders, and document ...
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